Chapter 16. Managing Rentals
In This Chapter
Describing a rental property
Describing tenants
Recording tenant rent payments
Recording rental expenses
Tracking rental property profits
The Quicken Rental Property Manager version of Quicken — the focus of this short chapter — provides everything available in the other versions of Quicken. The Rental Property Manager version also includes tools for tracking both your rental properties and your rental income and expense.
If you own rental properties — and I say this as a CPA who breaks down and cries several times each year when I see the messy financial records that most real estate investors keep — you definitely want to make the investment and buy Quicken Rental Property Manager. You'll have a much better handle on your rental property investments, the rental income the properties earn, and the rental deductions the properties produce.
Describing a Rental Property
In order to track rental properties with Quicken, you need to describe each property. To describe a property, follow these steps:
Display the Rental Property tab.
If you purchased the Rental Manager version of Quicken, you should also have a Rental Property tab available in the Quicken window. If you want to manage rental properties but didn't buy the Rental Manager version of Quicken, you may be able to buy and immediately turn on the Rental Manager functionality by choosing Help
Click ...
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